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Shari Redstone has withdrawn support for CBS-Viacom merger
Shari Redstone has withdrawn support for CBS-Viacom merger
ReutersDec 12, 2016, 20:21 IST
Vice Chair, CBS and Viacom; Co-Founder and Managing Partner of Advancit Capital Shari E. Redstone speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City.Getty
Dec 12 (Reuters) - Shari Redstone, vice chair of Viacom Inc and the daughter of controlling shareholder Sumner Redstone, has withdrawn her support for a merger between CBS Corp and Viacom, CNBC reported on Monday.
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Shari Redstone wants the company to remain independent and will back Viacom's chief executive, CNBC said.
(Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila)
